diff --git a/IMPLEMENTATION_COVERAGE.md b/IMPLEMENTATION_COVERAGE.md
index 60765e5f7..072173226 100644
--- a/IMPLEMENTATION_COVERAGE.md
+++ b/IMPLEMENTATION_COVERAGE.md
@@ -3244,7 +3244,7 @@
 - [ ] describe_events
 
 ## iam
-58% implemented
+61% implemented
 - [ ] add_client_id_to_open_id_connect_provider
 - [X] add_role_to_instance_profile
 - [X] add_user_to_group
@@ -3265,7 +3265,7 @@
 - [ ] create_service_linked_role
 - [ ] create_service_specific_credential
 - [X] create_user
-- [ ] create_virtual_mfa_device
+- [X] create_virtual_mfa_device
 - [X] deactivate_mfa_device
 - [X] delete_access_key
 - [X] delete_account_alias
@@ -3289,7 +3289,7 @@
 - [X] delete_user
 - [ ] delete_user_permissions_boundary
 - [X] delete_user_policy
-- [ ] delete_virtual_mfa_device
+- [X] delete_virtual_mfa_device
 - [X] detach_group_policy
 - [X] detach_role_policy
 - [X] detach_user_policy
@@ -3349,7 +3349,7 @@
 - [X] list_user_policies
 - [ ] list_user_tags
 - [X] list_users
-- [ ] list_virtual_mfa_devices
+- [X] list_virtual_mfa_devices
 - [X] put_group_policy
 - [ ] put_role_permissions_boundary
 - [X] put_role_policy
diff --git a/moto/iam/exceptions.py b/moto/iam/exceptions.py
index 0511fa144..afd1373a3 100644
--- a/moto/iam/exceptions.py
+++ b/moto/iam/exceptions.py
@@ -98,9 +98,9 @@ class TooManyTags(RESTError):
 class EntityAlreadyExists(RESTError):
     code = 409
 
-    def __init__(self):
+    def __init__(self, message):
         super(EntityAlreadyExists, self).__init__(
-            'EntityAlreadyExists', "Unknown")
+            'EntityAlreadyExists', message)
 
 
 class ValidationError(RESTError):
diff --git a/moto/iam/models.py b/moto/iam/models.py
index ca3ae00a9..741b71142 100644
--- a/moto/iam/models.py
+++ b/moto/iam/models.py
@@ -1,5 +1,8 @@
 from __future__ import unicode_literals
 import base64
+import os
+import random
+import string
 import sys
 from datetime import datetime
 import json
@@ -40,6 +43,23 @@ class MFADevice(object):
         return iso_8601_datetime_without_milliseconds(self.enable_date)
 
 
+class VirtualMfaDevice(object):
+    def __init__(self, device_name):
+        self.serial_number = 'arn:aws:iam::{0}:mfa{1}'.format(ACCOUNT_ID, device_name)
+
+        random_base32_string = ''.join(random.choice(string.ascii_uppercase + '234567') for _ in range(64))
+        self.base32_string_seed = base64.b64encode(random_base32_string.encode('ascii')).decode('ascii')
+        self.qr_code_png = base64.b64encode(os.urandom(64))  # this would be a generated PNG
+
+        self.enable_date = None
+        self.user_attribute = None
+        self.user = None
+
+    @property
+    def enabled_iso_8601(self):
+        return iso_8601_datetime_without_milliseconds(self.enable_date)
+
+
 class Policy(BaseModel):
     is_attachable = False
 
@@ -596,6 +616,7 @@ class IAMBackend(BaseBackend):
         self.open_id_providers = {}
         self.policy_arn_regex = re.compile(
             r'^arn:aws:iam::[0-9]*:policy/.*$')
+        self.virtual_mfa_devices = {}
         super(IAMBackend, self).__init__()
 
     def _init_managed_policies(self):
@@ -1244,6 +1265,21 @@ class IAMBackend(BaseBackend):
                 "Device {0} already exists".format(serial_number)
             )
 
+        device = self.virtual_mfa_devices.get(serial_number, None)
+        if device:
+            device.enable_date = datetime.utcnow()
+            device.user = user
+            device.user_attribute = {
+                'Path': user.path,
+                'UserName': user.name,
+                'UserId': user.id,
+                'Arn': user.arn,
+                'CreateDate': user.created_iso_8601,
+                'PasswordLastUsed': None,  # not supported
+                'PermissionsBoundary': {},  # ToDo: add put_user_permissions_boundary() functionality
+                'Tags': {}  # ToDo: add tag_user() functionality
+            }
+
         user.enable_mfa_device(
             serial_number,
             authentication_code_1,
@@ -1258,12 +1294,74 @@ class IAMBackend(BaseBackend):
                 "Device {0} not found".format(serial_number)
             )
 
+        device = self.virtual_mfa_devices.get(serial_number, None)
+        if device:
+            device.enable_date = None
+            device.user = None
+            device.user_attribute = None
+
         user.deactivate_mfa_device(serial_number)
 
     def list_mfa_devices(self, user_name):
         user = self.get_user(user_name)
         return user.mfa_devices.values()
 
+    def create_virtual_mfa_device(self, device_name, path):
+        if not path:
+            path = '/'
+
+        if not path.startswith('/') and not path.endswith('/'):
+            raise ValidationError('The specified value for path is invalid. '
+                                  'It must begin and end with / and contain only alphanumeric characters and/or / characters.')
+
+        if any(not len(part) for part in path.split('/')[1:-1]):
+            raise ValidationError('The specified value for path is invalid. '
+                                  'It must begin and end with / and contain only alphanumeric characters and/or / characters.')
+
+        if len(path) > 512:
+            raise ValidationError('1 validation error detected: '
+                                  'Value "{}" at "path" failed to satisfy constraint: '
+                                  'Member must have length less than or equal to 512')
+
+        device = VirtualMfaDevice(path + device_name)
+
+        if device.serial_number in self.virtual_mfa_devices:
+            raise EntityAlreadyExists('MFADevice entity at the same path and name already exists.')
+
+        self.virtual_mfa_devices[device.serial_number] = device
+        return device
+
+    def delete_virtual_mfa_device(self, serial_number):
+        device = self.virtual_mfa_devices.pop(serial_number, None)
+
+        if not device:
+            raise IAMNotFoundException('VirtualMFADevice with serial number {0} doesn\'t exist.'.format(serial_number))
+
+    def list_virtual_mfa_devices(self, assignment_status, marker, max_items):
+        devices = list(self.virtual_mfa_devices.values())
+
+        if assignment_status == 'Assigned':
+            devices = [device for device in devices if device.enable_date]
+
+        if assignment_status == 'Unassigned':
+            devices = [device for device in devices if not device.enable_date]
+
+        sorted(devices, key=lambda device: device.serial_number)
+        max_items = int(max_items)
+        start_idx = int(marker) if marker else 0
+
+        if start_idx > len(devices):
+            raise ValidationError('Invalid Marker.')
+
+        devices = devices[start_idx:start_idx + max_items]
+
+        if len(devices) < max_items:
+            marker = None
+        else:
+            marker = str(start_idx + max_items)
+
+        return devices, marker
+
     def delete_user(self, user_name):
         user = self.get_user(user_name)
         if user.managed_policies:
@@ -1369,7 +1467,7 @@ class IAMBackend(BaseBackend):
         open_id_provider = OpenIDConnectProvider(url, thumbprint_list, client_id_list)
 
         if open_id_provider.arn in self.open_id_providers:
-            raise EntityAlreadyExists
+            raise EntityAlreadyExists('Unknown')
 
         self.open_id_providers[open_id_provider.arn] = open_id_provider
         return open_id_provider
diff --git a/moto/iam/responses.py b/moto/iam/responses.py
index 1c00d211c..01cbeb712 100644
--- a/moto/iam/responses.py
+++ b/moto/iam/responses.py
@@ -598,6 +598,33 @@ class IamResponse(BaseResponse):
         template = self.response_template(LIST_MFA_DEVICES_TEMPLATE)
         return template.render(user_name=user_name, devices=devices)
 
+    def create_virtual_mfa_device(self):
+        path = self._get_param('Path')
+        virtual_mfa_device_name = self._get_param('VirtualMFADeviceName')
+
+        virtual_mfa_device = iam_backend.create_virtual_mfa_device(virtual_mfa_device_name, path)
+
+        template = self.response_template(CREATE_VIRTUAL_MFA_DEVICE_TEMPLATE)
+        return template.render(device=virtual_mfa_device)
+
+    def delete_virtual_mfa_device(self):
+        serial_number = self._get_param('SerialNumber')
+
+        iam_backend.delete_virtual_mfa_device(serial_number)
+
+        template = self.response_template(DELETE_VIRTUAL_MFA_DEVICE_TEMPLATE)
+        return template.render()
+
+    def list_virtual_mfa_devices(self):
+        assignment_status = self._get_param('AssignmentStatus', 'Any')
+        marker = self._get_param('Marker')
+        max_items = self._get_param('MaxItems', 100)
+
+        devices, marker = iam_backend.list_virtual_mfa_devices(assignment_status, marker, max_items)
+
+        template = self.response_template(LIST_VIRTUAL_MFA_DEVICES_TEMPLATE)
+        return template.render(devices=devices, marker=marker)
+
     def delete_user(self):
         user_name = self._get_param('UserName')
         iam_backend.delete_user(user_name)
@@ -1600,6 +1627,7 @@ CREDENTIAL_REPORT_GENERATING = """
     </ResponseMetadata>
 </GenerateCredentialReportResponse>"""
 
+
 CREDENTIAL_REPORT_GENERATED = """<GenerateCredentialReportResponse>
     <GenerateCredentialReportResult>
         <State>COMPLETE</State>
@@ -1609,6 +1637,7 @@ CREDENTIAL_REPORT_GENERATED = """<GenerateCredentialReportResponse>
     </ResponseMetadata>
 </GenerateCredentialReportResponse>"""
 
+
 CREDENTIAL_REPORT = """<GetCredentialReportResponse>
     <GetCredentialReportResult>
         <Content>{{ report }}</Content>
@@ -1620,6 +1649,7 @@ CREDENTIAL_REPORT = """<GetCredentialReportResponse>
     </ResponseMetadata>
 </GetCredentialReportResponse>"""
 
+
 LIST_INSTANCE_PROFILES_FOR_ROLE_TEMPLATE = """<ListInstanceProfilesForRoleResponse>
 <ListInstanceProfilesForRoleResult>
   <IsTruncated>false</IsTruncated>
@@ -1652,6 +1682,7 @@ LIST_INSTANCE_PROFILES_FOR_ROLE_TEMPLATE = """<ListInstanceProfilesForRoleRespon
 </ResponseMetadata>
 </ListInstanceProfilesForRoleResponse>"""
 
+
 LIST_MFA_DEVICES_TEMPLATE = """<ListMFADevicesResponse>
    <ListMFADevicesResult>
       <MFADevices>
@@ -1670,6 +1701,61 @@ LIST_MFA_DEVICES_TEMPLATE = """<ListMFADevicesResponse>
 </ListMFADevicesResponse>"""
 
 
+CREATE_VIRTUAL_MFA_DEVICE_TEMPLATE = """<CreateVirtualMFADeviceResponse xmlns="https://iam.amazonaws.com/doc/2010-05-08/">
+  <CreateVirtualMFADeviceResult>
+    <VirtualMFADevice>
+      <SerialNumber>{{ device.serial_number }}</SerialNumber>
+      <Base32StringSeed>{{ device.base32_string_seed }}</Base32StringSeed>
+      <QRCodePNG>{{ device.qr_code_png }}</QRCodePNG>
+    </VirtualMFADevice>
+  </CreateVirtualMFADeviceResult>
+  <ResponseMetadata>
+    <RequestId>7a62c49f-347e-4fc4-9331-6e8eEXAMPLE</RequestId>
+  </ResponseMetadata>
+</CreateVirtualMFADeviceResponse>"""
+
+
+DELETE_VIRTUAL_MFA_DEVICE_TEMPLATE = """<DeleteVirtualMFADeviceResponse xmlns="https://iam.amazonaws.com/doc/2010-05-08/">
+  <ResponseMetadata>
+    <RequestId>7a62c49f-347e-4fc4-9331-6e8eEXAMPLE</RequestId>
+  </ResponseMetadata>
+</DeleteVirtualMFADeviceResponse>"""
+
+
+LIST_VIRTUAL_MFA_DEVICES_TEMPLATE = """<ListVirtualMFADevicesResponse xmlns="https://iam.amazonaws.com/doc/2010-05-08/">
+<ListVirtualMFADevicesResult>
+  {% if marker is none %}
+  <IsTruncated>false</IsTruncated>
+  {% else %}
+  <IsTruncated>true</IsTruncated>
+  <Marker>{{ marker }}</Marker>
+  {% endif %}
+  <VirtualMFADevices>
+    {% for device in devices %}
+    <member>
+      <SerialNumber>{{ device.serial_number }}</SerialNumber>
+      {% if device.enable_date %}
+      <EnableDate>{{ device.enabled_iso_8601 }}</EnableDate>
+      {% endif %}
+      {% if device.user %}
+      <User>
+        <Path>{{ device.user.path }}</Path>
+        <UserName>{{ device.user.name }}</UserName>
+        <UserId>{{ device.user.id }}</UserId>
+        <CreateDate>{{ device.user.created_iso_8601 }}</CreateDate>
+        <Arn>{{ device.user.arn }}</Arn>
+      </User>
+      {% endif %}
+    </member>
+    {% endfor %}
+  </VirtualMFADevices>
+</ListVirtualMFADevicesResult>
+<ResponseMetadata>
+  <RequestId>b61ce1b1-0401-11e1-b2f8-2dEXAMPLEbfc</RequestId>
+</ResponseMetadata>
+</ListVirtualMFADevicesResponse>"""
+
+
 LIST_ACCOUNT_ALIASES_TEMPLATE = """<ListAccountAliasesResponse xmlns="https://iam.amazonaws.com/doc/2010-05-08/">
 <ListAccountAliasesResult>
   <IsTruncated>false</IsTruncated>
diff --git a/tests/test_iam/test_iam.py b/tests/test_iam/test_iam.py
index e46c7dd6a..4d6c37e83 100644
--- a/tests/test_iam/test_iam.py
+++ b/tests/test_iam/test_iam.py
@@ -753,6 +753,263 @@ def test_mfa_devices():
     len(response['MFADevices']).should.equal(0)
 
 
+@mock_iam
+def test_create_virtual_mfa_device():
+    client = boto3.client('iam', region_name='us-east-1')
+    response = client.create_virtual_mfa_device(
+        VirtualMFADeviceName='test-device'
+    )
+    device = response['VirtualMFADevice']
+
+    device['SerialNumber'].should.equal('arn:aws:iam::123456789012:mfa/test-device')
+    device['Base32StringSeed'].decode('ascii').should.match('[A-Z234567]')
+    device['QRCodePNG'].should_not.be.empty
+
+    response = client.create_virtual_mfa_device(
+        Path='/',
+        VirtualMFADeviceName='test-device-2'
+    )
+    device = response['VirtualMFADevice']
+
+    device['SerialNumber'].should.equal('arn:aws:iam::123456789012:mfa/test-device-2')
+    device['Base32StringSeed'].decode('ascii').should.match('[A-Z234567]')
+    device['QRCodePNG'].should_not.be.empty
+
+    response = client.create_virtual_mfa_device(
+        Path='/test/',
+        VirtualMFADeviceName='test-device'
+    )
+    device = response['VirtualMFADevice']
+
+    device['SerialNumber'].should.equal('arn:aws:iam::123456789012:mfa/test/test-device')
+    device['Base32StringSeed'].decode('ascii').should.match('[A-Z234567]')
+    device['QRCodePNG'].should_not.be.empty
+
+
+@mock_iam
+def test_create_virtual_mfa_device_errors():
+    client = boto3.client('iam', region_name='us-east-1')
+    client.create_virtual_mfa_device(
+        VirtualMFADeviceName='test-device'
+    )
+
+    client.create_virtual_mfa_device.when.called_with(
+        VirtualMFADeviceName='test-device'
+    ).should.throw(
+        ClientError,
+        'MFADevice entity at the same path and name already exists.'
+    )
+
+    client.create_virtual_mfa_device.when.called_with(
+        Path='test',
+        VirtualMFADeviceName='test-device'
+    ).should.throw(
+        ClientError,
+        'The specified value for path is invalid. '
+        'It must begin and end with / and contain only alphanumeric characters and/or / characters.'
+    )
+
+    client.create_virtual_mfa_device.when.called_with(
+        Path='/test//test/',
+        VirtualMFADeviceName='test-device'
+    ).should.throw(
+        ClientError,
+        'The specified value for path is invalid. '
+        'It must begin and end with / and contain only alphanumeric characters and/or / characters.'
+    )
+
+    too_long_path = '/{}/'.format('b' * 511)
+    client.create_virtual_mfa_device.when.called_with(
+        Path=too_long_path,
+        VirtualMFADeviceName='test-device'
+    ).should.throw(
+        ClientError,
+        '1 validation error detected: '
+        'Value "{}" at "path" failed to satisfy constraint: '
+        'Member must have length less than or equal to 512'
+    )
+
+
+@mock_iam
+def test_delete_virtual_mfa_device():
+    client = boto3.client('iam', region_name='us-east-1')
+    response = client.create_virtual_mfa_device(
+        VirtualMFADeviceName='test-device'
+    )
+    serial_number = response['VirtualMFADevice']['SerialNumber']
+
+    client.delete_virtual_mfa_device(
+        SerialNumber=serial_number
+    )
+
+    response = client.list_virtual_mfa_devices()
+
+    response['VirtualMFADevices'].should.have.length_of(0)
+    response['IsTruncated'].should_not.be.ok
+
+
+@mock_iam
+def test_delete_virtual_mfa_device_errors():
+    client = boto3.client('iam', region_name='us-east-1')
+
+    serial_number = 'arn:aws:iam::123456789012:mfa/not-existing'
+    client.delete_virtual_mfa_device.when.called_with(
+        SerialNumber=serial_number
+    ).should.throw(
+        ClientError,
+        'VirtualMFADevice with serial number {0} doesn\'t exist.'.format(serial_number)
+    )
+
+
+@mock_iam
+def test_list_virtual_mfa_devices():
+    client = boto3.client('iam', region_name='us-east-1')
+    response = client.create_virtual_mfa_device(
+        VirtualMFADeviceName='test-device'
+    )
+    serial_number_1 = response['VirtualMFADevice']['SerialNumber']
+
+    response = client.create_virtual_mfa_device(
+        Path='/test/',
+        VirtualMFADeviceName='test-device'
+    )
+    serial_number_2 = response['VirtualMFADevice']['SerialNumber']
+
+    response = client.list_virtual_mfa_devices()
+
+    response['VirtualMFADevices'].should.equal([
+        {
+            'SerialNumber': serial_number_1
+        },
+        {
+            'SerialNumber': serial_number_2
+        }
+    ])
+    response['IsTruncated'].should_not.be.ok
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus='Assigned'
+    )
+
+    response['VirtualMFADevices'].should.have.length_of(0)
+    response['IsTruncated'].should_not.be.ok
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus='Unassigned'
+    )
+
+    response['VirtualMFADevices'].should.equal([
+        {
+            'SerialNumber': serial_number_1
+        },
+        {
+            'SerialNumber': serial_number_2
+        }
+    ])
+    response['IsTruncated'].should_not.be.ok
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus='Any',
+        MaxItems=1
+    )
+
+    response['VirtualMFADevices'].should.equal([
+        {
+            'SerialNumber': serial_number_1
+        }
+    ])
+    response['IsTruncated'].should.be.ok
+    response['Marker'].should.equal('1')
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus='Any',
+        Marker=response['Marker']
+    )
+
+    response['VirtualMFADevices'].should.equal([
+        {
+            'SerialNumber': serial_number_2
+        }
+    ])
+    response['IsTruncated'].should_not.be.ok
+
+
+@mock_iam
+def test_list_virtual_mfa_devices_errors():
+    client = boto3.client('iam', region_name='us-east-1')
+    client.create_virtual_mfa_device(
+        VirtualMFADeviceName='test-device'
+    )
+
+    client.list_virtual_mfa_devices.when.called_with(
+        Marker='100'
+    ).should.throw(
+        ClientError,
+        'Invalid Marker.'
+    )
+
+
+@mock_iam
+def test_enable_virtual_mfa_device():
+    client = boto3.client('iam', region_name='us-east-1')
+    response = client.create_virtual_mfa_device(
+        VirtualMFADeviceName='test-device'
+    )
+    serial_number = response['VirtualMFADevice']['SerialNumber']
+
+    client.create_user(UserName='test-user')
+    client.enable_mfa_device(
+        UserName='test-user',
+        SerialNumber=serial_number,
+        AuthenticationCode1='234567',
+        AuthenticationCode2='987654'
+    )
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus='Unassigned'
+    )
+
+    response['VirtualMFADevices'].should.have.length_of(0)
+    response['IsTruncated'].should_not.be.ok
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus='Assigned'
+    )
+
+    device = response['VirtualMFADevices'][0]
+    device['SerialNumber'].should.equal(serial_number)
+    device['User']['Path'].should.equal('/')
+    device['User']['UserName'].should.equal('test-user')
+    device['User']['UserId'].should_not.be.empty
+    device['User']['Arn'].should.equal('arn:aws:iam::123456789012:user/test-user')
+    device['User']['CreateDate'].should.be.a(datetime)
+    device['EnableDate'].should.be.a(datetime)
+    response['IsTruncated'].should_not.be.ok
+
+    client.deactivate_mfa_device(
+        UserName='test-user',
+        SerialNumber=serial_number
+    )
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus='Assigned'
+    )
+
+    response['VirtualMFADevices'].should.have.length_of(0)
+    response['IsTruncated'].should_not.be.ok
+
+    response = client.list_virtual_mfa_devices(
+        AssignmentStatus = 'Unassigned'
+    )
+
+    response['VirtualMFADevices'].should.equal([
+        {
+            'SerialNumber': serial_number
+        }
+    ])
+    response['IsTruncated'].should_not.be.ok
+
+
 @mock_iam_deprecated()
 def test_delete_user_deprecated():
     conn = boto.connect_iam()